Nabors Industries Ltd (NBR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -119,137 | 67,436 | -288,725 | -513,651 | -748,355 |
| Revenue | US$ in thousands | 2,877,660 | 2,849,710 | 2,370,550 | 2,472,160 | 2,597,540 |
| Pretax margin | -4.14% | 2.37% | -12.18% | -20.78% | -28.81% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-119,137K ÷ $2,877,660K
= -4.14%
Nabors Industries Ltd's pretax margin has shown a notable improvement over the past few years. The company reported a significant decline in pretax margin from -28.81% as of December 31, 2020, to -20.78% by December 31, 2021. However, there was a further improvement as the pretax margin decreased to -12.18% by December 31, 2022.
The turnaround occurred in December 31, 2023, where the company achieved a positive pretax margin of 2.37%, indicating a positive shift in profitability. Nevertheless, there was a slight setback by December 31, 2024, as the pretax margin declined to -4.14%.
Overall, the trend in the pretax margin of Nabors Industries Ltd showcases a volatile but ultimately positive trajectory, with the company managing to generate profits in the most recent year analyzed.
Peer comparison
Dec 31, 2024